Dow falls 142 points as Wall Street weighs more aggressive Fed, disappointing bank earnings; European markets close lower as traders assess inflation 
Stocks slipped Thursday as big bank earnings kicked off with disappointing results and traders assessed the possibility of even tighter U.S. monetary policy from the Federal Reserve as recessionary fears lingered. 
The Dow Jones Industrial Average shed 0.46%, or 142.62 points, to 30,630.17, while the S&P 500 dipped 0.3% to 3,790.38. The Nasdaq Composite inched 0.03% higher to finish at 11,251.19. 
JPMorgan Chase shares sank 3.5% after the bank added to reserves for bad loans and halted its share buybacks, signaling a more cautious economic outlook. As profits dipped, CEO Jamie Dimon warned that the economy could take a hit from surging inflation, geopolitical tensions and dwindling consumer confidence “sometime down the road.” 
Continuing the trend, Morgan Stanley shares slipped about 0.4% on the back of a sharp decline in investment banking revenue, while Goldman Sachs, which is set to report earnings Monday, fell nearly 3%. Earnings from big banks continue on Friday with results from Wells Fargo and Citigroup, which dropped 0.8% and about 3%, respectively, during Thursday’s session. 

The pan-European Stoxx 600 index was down 1.4% by the end of the session, with most sectors in negative territory apart from travel and leisure stocks. 
Italy’s FTSE MIB index closed down 3.3% after of a parliamentary confidence vote that could potentially trigger the collapse of the coalition government. 
Source: CNBC, Investing.com